International General Insurance Holdings Ltd 6-K, filed Feb 24, 2026

International General Insurance Holdings Ltd. (IGIC)

6-K 2026-02-24 For: 2026-02-24

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Added on April 07, 2026

About this 6-K

International General Insurance Holdings Ltd filed this 6-K on February 24, 2026.

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Exhibit Number		Exhibit Description
99.1		Press release dated February 24, 2026 – IGI Reports Fourth Quarter and Full Year 2025 Condensed and Unaudited Financial Results; Declares Ordinary Common Share Dividend

	INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.

Date: February 24, 2026	By:	/s/ Pervez Rizvi
		Name:	Pervez Rizvi
		Title:	Chief Financial Officer

(in millions of U.S. Dollars, except percentages and per share information)
	Quarter Ended December 31,						Year Ended December 31,
	2025			2024			2025			2024
Gross written premiums	$	141.2		$	174.6		$	666.7		$	700.1
Net premiums earned	$	111.4		$	120.6		$	453.8		$	483.1
Underwriting income ⁽¹⁾	$	46.9		$	48.8		$	161.1		$	187.5
Net investment income	$	14.6		$	13.6		$	60.4		$	53.9
Net income	$	32.3		$	30.0		$	127.2		$	135.2
Combined ratio ⁽¹⁾		82.0	%		77.8	%		85.9	%		79.9	%
Earnings per share (diluted) ⁽²⁾	$	0.76		$	0.65		$	2.89		$	2.98
Return on average equity (annualized) ⁽³⁾		18.5	%		18.4	%		18.6	%		22.6	%
Core operating income ⁽³⁾	$	34.1		$	40.9		$	114.9		$	144.8
Core operating earnings per share (diluted) ⁽³⁾	$	0.80		$	0.89		$	2.61		$	3.19
Core operating return on average equity (annualized) ⁽³⁾		19.5	%		25.0	%		16.8	%		24.2	%
Book value per share ⁽¹⁾							$	16.91		$	14.85

(1)	See “Supplementary Financial Information” below.
(2)	See “Note to the Consolidated Financial Statements (Unaudited)” below.
(3)	See “Non-GAAP Financial Measures” below.

(in millions of U.S. Dollars)	Quarter Ended December 31, 2025			Year Ended December 31, 2025
Total Shareholders’ equity at beginning of period	$	686.5		$	654.8
Net income	$	32.3		$	127.2
Change in unrealized (loss) gain on available-for-sale investments	$	(0.3	)	$	28.8
Purchase of treasury shares ^(a)	$	(8.1	)	$	(61.9	)
Issuance of common shares under share-based compensation plan and employees stock purchase plan	$	1.9		$	7.5
Cash dividends declared	$	(2.1	)	$	(46.2	)
Total shareholders’ equity at December 31, 2025	$	710.2		$	710.2

	Quarter Ended December 31,						Year Ended December 31,
(in millions of U.S. Dollars except per share data)	2025			2024			2025			2024

Gross written premiums	$	141.2		$	174.6		$	666.7		$	700.1
Ceded written premiums	$	(34.3	)	$	(56.0	)	$	(209.1	)	$	(210.6	)
Net written premiums	$	106.9		$	118.6		$	457.6		$	489.5
Net change in unearned premiums	$	4.5		$	2.0		$	(3.8	)	$	(6.4	)
Net premiums earned	$	111.4		$	120.6		$	453.8		$	483.1
Investment income	$	14.2		$	13.9		$	54.7		$	51.9
Net realized gain on investments	$	0.6		$	0.4		$	2.3		$	0.6
Net unrealized (loss) gain on investments	$	(0.2	)	$	(0.8	)	$	3.2		$	1.4
Change in allowance for expected credit losses on investments		—		$	0.1		$	0.2			—
Net investment income	$	14.6		$	13.6		$	60.4		$	53.9
Other revenues	$	0.4		$	1.0		$	2.7		$	2.0
Total revenues	$	126.4		$	135.2		$	516.9		$	539.0
Expenses
Net loss and loss adjustment expenses	$	(46.9	)	$	(51.8	)	$	(215.8	)	$	(216.1	)
Net policy acquisition expenses	$	(17.6	)	$	(20.0	)	$	(76.9	)	$	(79.5	)
General and administrative expenses	$	(26.8	)	$	(22.0	)	$	(97.0	)	$	(90.4	)
Change in allowance for expected credit losses on receivables	$	0.9		$	0.3		$	(0.8	)	$	(1.5	)
Change in fair value of derivative financial liabilities		—			—			—		$	(4.9	)
Other expenses	$	(2.2	)	$	(3.1	)	$	(7.3	)	$	(6.1	)
Net Foreign exchange (loss) gain	$	(3.1	)	$	(12.9	)	$	8.1		$	(8.1	)
Total expenses	$	(95.7	)	$	(109.5	)	$	(389.7	)	$	(406.6	)
Income before income taxes	$	30.7		$	25.7		$	127.2		$	132.4
Income tax credit	$	1.6		$	4.3			—		$	2.8
Net income	$	32.3		$	30.0		$	127.2		$	135.2
Diluted earnings per share attributable to equity holders ⁽¹⁾	$	0.76		$	0.65		$	2.89		$	2.98

(in millions of U.S. Dollars)	As at December 31, 2025		As at December 31, 2024
ASSETS
Investments
Fixed maturity securities available-for-sale, at fair value	$	1,064.3	$	1,002.1
Fixed maturity securities held to maturity	$	2.0	$	2.0
Equity securities, at fair value	$	20.9	$	29.0
Other investments, at fair value	$	13.7	$	12.3
Short-term investments	$	31.2	$	89.5
Term deposits		—	$	0.7
Equity-method investments measured at fair value	$	2.4	$	1.9
Total investments	$	1,134.5	$	1,137.5
Cash and cash equivalents	$	186.2	$	155.2
Accrued investment income	$	15.3	$	15.3
Premiums receivable	$	274.3	$	256.0
Reinsurance recoverables	$	233.6	$	225.7
Ceded unearned premiums	$	114.2	$	113.3
Deferred policy acquisition costs, net of ceding commissions	$	70.6	$	67.1
Deferred tax assets, net	$	4.9	$	7.0
Other assets	$	67.2	$	60.5
TOTAL ASSETS	$	2,100.8	$	2,037.6

LIABILITIES
Reserve for unpaid loss and loss adjustment expenses	$	798.3	$	794.2
Unearned premiums	$	469.9	$	465.3
Insurance and reinsurance payables	$	95.9	$	90.1
Other liabilities	$	26.5	$	33.2
TOTAL LIABILITIES	$	1,390.6	$	1,382.8

SHAREHOLDERS’ EQUITY
Common shares at par value	$	0.4	$	0.5
Additional paid-in capital	$	86.9	$	144.9
Treasury shares		—	$	(3.7	)
Accumulated other comprehensive gain (loss), net of taxes	$	10.3	$	(18.6	)
Retained earnings	$	612.6	$	531.7
TOTAL SHAREHOLDERS’ EQUITY	$	710.2	$	654.8
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	2,100.8	$	2,037.6

(a)	Represents net loss and loss adjustment expenses as a percentage of net premiums earned.
(b)	Represents net policy acquisition expenses as a percentage of net premiums earned.
(c)	Represents general and administrative expenses as a percentage of net premiums earned.
(d)	Represents the sum of the net policy acquisition expense ratio and the general and administrative expense ratio.
(e)	Represents the sum of the loss ratio and the expense ratio.

(in millions of U.S. Dollars, except share and per share data)	As at December 31, 2025		As at December 31, 2024

Common shares outstanding (in millions)*		42.8		45.1
Minus: Unvested shares (in millions)**		0.8		1.0
Number of vested common outstanding shares (in millions) (a)		42.0		44.1

Total shareholders’ equity (b)	$	710.2	$	654.8
Book value per share (b)/(a)	$	16.91	$	14.85

	No. of shares as at
	December 31, 2025
Vested common shares as of December 31, 2024		44,117,721
Treasury shares balance as of December 31, 2024		154,011
Vested restricted share awards		475,013
Granted employee stock purchase plan		29,027
Cancelled treasury shares		(2,788,114	)
Treasury shares balance as of December 31, 2025		(1,407	)
Total vested common shares as of December 31, 2025		41,986,251

Unvested restricted shares awards as of December 31, 2025		827,811
Unvested employee stock purchase plan as of December 31, 2025		28,154
Total unvested shares as of December 31, 2025		855,965
Total common shares outstanding as of December 31, 2025		42,842,216

For the quarter ended December 31, 2025
(in millions of U.S. Dollars)	Specialty Long-tail			Specialty Short-tail			Reinsurance			Total
Underwriting revenues
Gross written premiums	$	37.0		$	101.6		$	2.6		$	141.2
Ceded written premiums	$	(7.1	)	$	(27.2	)		—		$	(34.3	)
Net written premiums	$	29.9		$	74.4		$	2.6		$	106.9
Net change in unearned premiums	$	(1.3	)	$	(13.1	)	$	18.9		$	4.5
Net premiums earned	$	28.6		$	61.3		$	21.5		$	111.4

Net loss and loss adjustment expenses	$	(14.7	)	$	(26.0	)	$	(6.2	)	$	(46.9	)
Net policy acquisition expenses	$	(3.9	)	$	(11.3	)	$	(2.4	)	$	(17.6	)
Underwriting income	$	10.0		$	24.0		$	12.9		$	46.9

For the quarter ended December 31, 2024
(in millions of U.S. Dollars)	Specialty Long-tail			Specialty Short-tail			Reinsurance			Total
Underwriting revenues
Gross written premiums	$	63.6		$	106.2		$	4.8		$	174.6
Ceded written premiums	$	(27.9	)	$	(28.1	)		—		$	(56.0	)
Net written premiums	$	35.7		$	78.1		$	4.8		$	118.6
Net change in unearned premiums	$	0.1		$	(15.7	)	$	17.6		$	2.0
Net premiums earned	$	35.8		$	62.4		$	22.4		$	120.6

Net loss and loss adjustment expenses	$	(14.5	)	$	(31.4	)	$	(5.9	)	$	(51.8	)
Net policy acquisition expenses	$	(7.0	)	$	(10.0	)	$	(3.0	)	$	(20.0	)
Underwriting income	$	14.3		$	21.0		$	13.5		$	48.8

For the year ended December 31, 2025
(in millions of U.S. Dollars)	Specialty Long-tail			Specialty Short-tail			Reinsurance			Total
Underwriting revenues
Gross written premiums	$	167.1		$	399.4		$	100.2		$	666.7
Ceded written premiums	$	(50.1	)	$	(157.3	)	$	(1.7	)	$	(209.1	)
Net written premiums	$	117.0		$	242.1		$	98.5		$	457.6
Net change in unearned premiums	$	5.3		$	(2.9	)	$	(6.2	)	$	(3.8	)
Net premiums earned	$	122.3		$	239.2		$	92.3		$	453.8

Net loss and loss adjustment expenses	$	(87.9	)	$	(92.4	)	$	(35.5	)	$	(215.8	)
Net policy acquisition expenses	$	(23.5	)	$	(42.6	)	$	(10.8	)	$	(76.9	)
Underwriting income	$	10.9		$	104.2		$	46.0		$	161.1

For the year ended December 31, 2024
(in millions of U.S. Dollars)	Specialty Long-tail			Specialty Short-tail			Reinsurance			Total
Underwriting revenues
Gross written premiums	$	204.4		$	412.3		$	83.4		$	700.1
Ceded written premiums	$	(68.2	)	$	(140.9	)	$	(1.5	)	$	(210.6	)
Net written premiums	$	136.2		$	271.4		$	81.9		$	489.5
Net change in unearned premiums	$	10.1		$	(15.4	)	$	(1.1	)	$	(6.4	)
Net premiums earned	$	146.3		$	256.0		$	80.8		$	483.1

Net loss and loss adjustment expenses	$	(78.7	)	$	(103.3	)	$	(34.1	)	$	(216.1	)
Net policy acquisition expenses	$	(28.1	)	$	(40.5	)	$	(10.9	)	$	(79.5	)
Underwriting income	$	39.5		$	112.2		$	35.8		$	187.5

	Quarter Ended December 31,												Year Ended December 31,
	2025						2024						2025						2024
(in millions of U.S. Dollars, except percentages)	Net loss and loss adjustment expenses			% of net premiums earned			Net loss and loss adjustment expenses			% of net premiums earned			Net loss and loss adjustment expenses			% of net premiums earned			Net loss and loss adjustment expenses			% of net premiums earned
Current Accident year losses (Prior to CAT losses)	$	39.7			35.6	%	$	47.4			39.3	%	$	192.8			42.5	%	$	208.7			43.2	%
Plus: Current accident year CAT losses	$	13.0			11.7	%	$	7.2			6.0	%	$	58.8			13.0	%	$	44.6			9.2	%
Plus: Effect of prior years’ favorable loss development	$	(5.8	)		(5.2	)%	$	(2.8	)		(2.3	)%	$	(35.8	)		(7.9	)%	$	(37.2	)		(7.7	)%
Total	$	46.9			42.1	%	$	51.8			43.0	%	$	215.8			47.6	%	$	216.1			44.7	%

	Quarter Ended December 31,						Year Ended December 31,
(in millions of U.S. Dollars, except for percentages and per share data)	2025			2024			2025			2024
Net income for the period	$	32.3		$	30.0		$	127.2		$	135.2
Reconciling items between net income for the period and core operating income:
Net realized (gain) on investments	$	(0.6	)	$	(0.4	)	$	(2.3	)	$	(0.6	)
Tax impact of net realized (gain) on investments⁽ⁱ⁾		—			—		$	0.2			—
Net unrealized loss (gain) on investments	$	0.2		$	0.8		$	(3.2	)	$	(1.4	)
Tax impact of net unrealized loss (gain) on investments⁽ⁱ⁾	$	(0.1	)	$	(0.1	)	$	0.3			—
Change in allowance for expected credit losses on investments		—		$	(0.1	)	$	(0.2	)		—
Tax impact of change in allowance for expected credit losses on investments⁽ⁱ⁾		—		$	0.1			—			—
Change in fair value of derivative financial liabilities		—			—			—		$	4.9
Net foreign exchange loss (gain)	$	3.1		$	12.9		$	(8.1	)	$	8.1
Tax impact of net foreign exchange loss (gain)⁽ⁱ⁾	$	(0.8	)	$	(2.3	)	$	1.0		$	(1.4	)
Core operating income	$	34.1		$	40.9		$	114.9		$	144.8
Average shareholders’ equity ⁽ⁱⁱ⁾	$	698.3		$	653.2		$	682.5		$	597.6
Core operating return on average equity (annualized) ^{(iii) and (v)}		19.5	%		25.0	%		16.8	%		24.2	%
Diluted core operating earnings per share ^(iv)	$	0.80		$	0.89		$	2.61		$	3.19
Return on average equity (annualized) ^(v)		18.5	%		18.4	%		18.6	%		22.6	%